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  • #916,801
  • Aug 14, 2014 7:11pm Aug 14, 2014 7:11pm
Quoting KiwiTrada
trying to sell a bottom - todays open 11pip sl
I think on Weekly that the bottom is somewhere near 1.2780 with some resistance around 1.3180
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  • #916,802
  • Aug 14, 2014 7:14pm Aug 14, 2014 7:14pm
Quoting KiwiTrada
trying to sell a bottom - todays open 11pip sl
probably not the best time to short, but I am just trading opens until this bouncing bitch stops bouncing
made a few pip shorting this weeks open, x 3 lost a few pip shorting yesterdays open x2 ,cant complain
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  • #916,803
  • Aug 14, 2014 7:22pm Aug 14, 2014 7:22pm
Quoting KiwiTrada
{quote} probably not the best time to short, but I am just trading opens until this bouncing bitch stops bouncing made a few pip shorting this weeks open, x 3 lost a few pip shorting yesterdays open x2 ,cant complain {image}
This is very good time to long, based on the following chart (don't focus on the blue arrows but see what happened next) provided you can sustain a draw down up to 1.2780. The other option is to remain on sidelines until it gets to 1.2780.

They have such an enormous power that they can change the fundamentals when it reaches a critical level. Money makes the mare go ..................... but I am riding a horse.
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The Thief of Wall Street
  • #916,804
  • Aug 14, 2014 7:31pm Aug 14, 2014 7:31pm
Quoting Chicky
{quote} This is very good time to long, based on the following chart (don't focus on the blue arrows but see what happened next) provided you can sustain a draw down up to 1.2780. The other option is to remain on sidelines until it gets to 1.2780. They have such an enormous power that they can change the fundamentals when it reaches a critical level. Money makes the mare go. {image}
I agree, but then Im crazy,

she is in compression mode has been since 4th of august, compression can always go either way and normally violently, that is why I am only trading the open levels, the compression is showing bulls trying to stop this train, and bears say get fuked, I am say this because the bears reaction to each bounce is much much more violent, dosnt mean either one is winning anything, just the compression is increasing with each bounce and smack down

Only one will win this battle, my money, as always is on bears side my risk is small I could actually reduce to 7 pip if I wanted too, but I will leave it @ 11 for now, maybe reduce it is they can take out the rising tl the biggy for bears is the blue box
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  • #916,805
  • Aug 14, 2014 7:31pm Aug 14, 2014 7:31pm
Prices in the last couple of day rest around the 60 and 50, move upwards only to be pushed back in to that range.....It is a bit like a safe place where to have a rest...
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  • #916,806
  • Aug 14, 2014 7:35pm Aug 14, 2014 7:35pm
cheap
not euphoria follower
  • #916,807
  • Aug 14, 2014 7:44pm Aug 14, 2014 7:44pm
Quoting KiwiTrada
{quote} I agree, but then Im crazy, she is in compression mode has been since 4th of august, compression can always go either way and normally violently, that is why I am only trading the open levels, the compression is showing bulls trying to stop this train, and bears say get fuked, I am say this because the bears reaction to each bounce is much much more violent, dosnt mean either one is winning anything, just the compression is increasing with each bounce and smack down Only one will win this battle, my money, as always is on bears side...
August until Feb is crazy............... this whole forex regardless of time of the year is crazy anyway. You are either right or wrong, you either make or lose money. One thing I know is that there will be bounces. I don'[t know how big or small, but there will be several during these months. I am happy

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  • #916,808
  • Edited 8:07pm Aug 14, 2014 7:56pm | Edited 8:07pm
Quoting KiwiTrada
trying to sell a bottom - todays open 11pip sl

i'm not sure you're sl is at a good place with this hugh retracement 14 pips away the current price ?!
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  • #916,809
  • Edited 8:30pm Aug 14, 2014 8:18pm | Edited 8:30pm
As retail traders with have two great obstacle to deal with: ourself and the brokers...one more tough then the other....

Brokers: the only time they cannot f@ck us is in a running market, being able to spot that PA is vital in my view..

Ourself: well, I do not want to talk about it.....
  • #916,810
  • Aug 14, 2014 8:33pm Aug 14, 2014 8:33pm
Quoting gatorinla
lets c where the close ends. on the 24 and 12.. {image}
perfect example a few closings later on what 81.65/66 mean.. still above 81.59 with a day, 12 and a 4h close. franky close above 81.66 is fine.. with a close above 2 hours later is even better. above 81.77 even better
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those who can, do. those who cant, talk about those who can
  • #916,811
  • Aug 14, 2014 9:06pm Aug 14, 2014 9:06pm
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  • #916,812
  • Aug 14, 2014 9:13pm Aug 14, 2014 9:13pm
I am long GU for a reversal and a BO of the 4hr channel on the topside. I am still long EJ (from 136.53) looking at the H&S (hr/4hrly) reversal to play out. Not really following EU much atm as it looks like a mess imo but perhaps with these factors may see upside today...
As the lights go by so too do the shadows move
  • #916,813
  • Aug 14, 2014 9:23pm Aug 14, 2014 9:23pm
Ema's
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  • #916,814
  • Aug 14, 2014 9:43pm Aug 14, 2014 9:43pm
Being oversold with a H&S around the bottom TL (though may be just Asian session noise). Also the break on topside caused reaction of the latest drop imo. The fundie reports I have read aren't too optimistic for a move up but I will be using a tight stop in case of fall.
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As the lights go by so too do the shadows move
  • #916,815
  • Aug 14, 2014 9:50pm Aug 14, 2014 9:50pm
Quoting KiwiTrada
{quote} I agree, but then Im crazy, she is in compression mode has been since 4th of august, compression can always go either way and normally violently, that is why I am only trading the open levels, the compression is showing bulls trying to stop this train, and bears say get fuked, I am say this because the bears reaction to each bounce is much much more violent, dosnt mean either one is winning anything, just the compression is increasing with each bounce and smack down Only one will win this battle, my money, as always is on bears side...
are you still long on gbp/cad??? to me this whole usd/cad fall after unemployment data is looking more and more bizarre. looks like a case of someone missed the data and wants to fill the bids lower for a run at the top.
  • #916,816
  • Aug 14, 2014 9:58pm Aug 14, 2014 9:58pm
Quoting farenheight9
{quote} i'm not sure you're sl is at a good place with this hugh retracement 14 pips away the current price ?! {image}
you are correct, but for opens My sl is mostly prime numbers, 7 or 11 sometimes 13 or 17 max, I am prepared for 11 this trade purely selling opens today
i did post I am trying to sell a bottom (lower timeframes) but higher timeframes I am trying to add to the bear train

both bull and bear have merit here depends what train you on or wanting to get on?
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  • #916,817
  • Aug 14, 2014 10:02pm Aug 14, 2014 10:02pm
Quoting giveachance
{quote} are you still long on gbp/cad??? to me this whole usd/cad fall after unemployment data is looking more and more bizarre. looks like a case of someone missed the data and wants to fill the bids lower for a run at the top.
yes did post watching daily and weekly, 12hr close was soso so waiting for bottoming pattern to build , now rr is ok
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  • #916,818
  • Aug 14, 2014 10:07pm Aug 14, 2014 10:07pm
Quoting KiwiTrada
{quote} you are correct, but for opens My sl is mostly prime numbers, 7 or 11 sometimes 13 or 17 max, I am prepared for 11 this trade purely selling opens today i did post I am trying to sell a bottom (lower timeframes) but higher timeframes I am trying to add to the bear train both bull and bear have merit here depends what train you on or wanting to get on?
Kiwi, I think eurousd is set to go higher ............... big time. The reason for this opinion? OK. Here it is. For past several days it goes down during London Session but up when NY opens. It is now going up also just before London Open. GBP has already started the move.
The Thief of Wall Street
  • #916,819
  • Aug 14, 2014 10:09pm Aug 14, 2014 10:09pm
Quoting giveachance
{quote} are you still long on gbp/cad??? to me this whole usd/cad fall after unemployment data is looking more and more bizarre. looks like a case of someone missed the data and wants to fill the bids lower for a run at the top.
RBC: Statistics Canada will be releasing a revised July employment report tonight after acknowledging an error in last week’s release. All we know is that the agency made a ‘processing error’, and while that may suggest a possible issue with their seasonal adjustments, the reality is that there is no way of knowing the direction or degree of the revision. Nearly all forecasters have maintained their official forecasts going into the original report, and the same is true for RBC (+24k, cons. +20k). In the aftermath of the announcement of the error, USD/CAD reversed its gains from the initial disappointing report, and the pair has remained better sold overnight. That suggests +20k should be the rough threshold for the headline figure, below which USD/CAD should rally. Manufacturing sales for June are also out at the same time (cons. 0.4%; RBC 0.7%), although may be overshadowed depending on the size of the employment revision.
  • #916,820
  • Aug 14, 2014 10:27pm Aug 14, 2014 10:27pm
Quoting Chicky
{quote} Kiwi, I think eurousd is set to go higher ............... big time. The reason for this opinion? OK. Here it is. For past several days it goes down during London Session but up when NY opens. It is now going up also just before London Open. GBP has already started the move.

Agree....look s like pound turning....
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